Sunday, December 30, 2018

Russia's farm sector increases output after becoming more capitalistic

See Another neoliberal miracle by Scott Sumner. Excerpt:
"So how did this miracle occur?
This roaring output is the result of a confluence of short- and long-term factors. Since the Soviet Union’s collapse, farming has undergone a gradual transformation from “a fantastically ineffective collective model to effective capitalism”, says Andrei Sizov, head of SovEcon, an agricultural consultancy in Moscow. Although the state’s overall role in Russia’s economy has grown, agriculture has largely remained in private hands, fuelling competition."

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